Using Ledger Cleardown

Ledger Cleardown (LCL) is a process which enables you to remove historical or redundant transactions from your business unit ledger and replace them with summarized balance transactions. You are not obliged to perform a ledger cleardown. However, it should be considered, as it leaves you with a more compact, and easily managed system.

It provides two run options:

• Period Cleardown which accumulates transactions on a period by period basis
• Year Cleardown which summarizes transactions for a year.